Japan is back from the Silver Week holiday, and is catching up to negative developments elsewhere. Nikkei down over 2%, while other asian bourses were in the black. So a mixed asian session, little direction from there. Still, negative vibes across European boards are the clearest to play still.
Nzd higher on Fronterra news although the trade balance was worse than expected. So going into today, Aud is more favoured for losses although I still see the whole commodity complex as the weakest in the pack. Aud (more than Nzd) is taking cues from China's issues and depressed commodity prices.
Busy day ahead: German IFO and another ECB TLTRO allotment; US durable goods and initial jobless claims during the US session. Fed Chair Yellen is also set to speak later tonight, but being so close to the FOMC press conference, I don't think her tone will have changed all that much.
Charts for Today:
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